The Construction Of Personal Credit Evaluation System Based On Consumer Finance Companies

Consumer finance company is a financial institution taking the aim at providing consumer loans. In developed countries, consumer finance is an important part of the financial and credit markets, it plays a very important role in the daily consumption demand particularly. In China, although the consumer finance companies began a pilot project to prepare for its next phase of development, there are big risks in consumer finance companies, especially credit risk according to the actual fact. Because the personal credit system in China has many problems. Because of the impact of the traditional concept of consumption and the legal system, China personal credit system is far behind the development of the economic development level, there is a certain number of aspects defects in the assessment system, the credit standards, credit bureaus, credit data, it is difficult to provide backup force for the consumer finance company's development and growth. Therefore, the perfect personal credit system of our country undoubtedly has an important meaning for the development of consumer finance company.This paper firstly introduced the background of the pilot work on consumer finance companies and summarized the present situation of the scholars and experts on the research status of personal credit system at home and abroad. Then, the paper defined related concepts of consumer finance companies and personal credit system and theories. On this basis, this paper analyzed the present situation of personal credit system whose development was restricted by two factors in contrast to personal credit system of foreign successful experience, and analyze the likely affect of personal credit system which was not perfect to consumer finance company. Then this paper selected the appropriate mathematical models for one of the most important topics in personal credit system, by drawing on experience of western countries. According to certain principle, this paper established a required index system through the comparison between China and the western countries, then took examinations and empirical analysis on individual credit evaluation models based on the sample data, validate the accuracy of the customer execution in the model, and analyzes the predicted what index in model predictions can play a key role in the process.This paper made a study of personal credit system of our country from the angle of the consumer finance companies. Based on the research, this paper presented some relevant recommendations on improving the personal credit evaluation system. Proceed to the next step, this paper expanded to propose for personal credit system on the macroscopic level in China.